07 Apr '13, 12am

Why #Bitcoin scares banks and governments

Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's government could stop them moving their money elsewhere. Capital controls are supposed to be a thing of the past, a figment of the pre-globalised world. But it turns out that when banks are threatened, the gloves come off. One of the side-effects of this rude awakening seems to have been a surge of interest in a virtual currency called Bitcoin . At any rate, the price of a single Bitcoin reached $147 at one point last week. And people are buying and selling this virtual stuff for what we laughingly call real money via more than 40 online exchanges such as Mt Gox, though when I last looked Mt Gox was temporarily offline as a result of a denial-of-service attack that might have been the work of any number of possible suspects: cyber vandals; hackers hoping to sow ...

Full article: http://m.guardian.co.uk/technology/2013/apr/07/bitcoin-sc...

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Why Bitcoin scares banks and governments

guardian.co.uk 06 Apr '13, 11pm

Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's governmen...

Why Bitcoin scares banks and governments

guardian.co.uk 06 Apr '13, 11pm

Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's governmen...

Why Bitcoin scares banks and governments via @g...

guardian.co.uk 06 Apr '13, 11pm

Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's governmen...

Bitcoin is not like gold. Gold's value is not s...

m.guardiannews.com 07 Apr '13, 1pm

Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's governmen...

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